Bank failure · NY

Goldome (Buffalo, NY) — failed May 31, 1991

Goldome of Buffalo, New York was closed on May 31, 1991 and resolved through a purchase and assumption. Key Bank of Western New Yor (NY) took over its insured deposits. At failure it held $9.9B in assets and $6.5B in deposits. The FDIC's estimated loss on the failure is $779.4M (7.9% of assets).